![]() Enter down payment amount in Malaysian Ringgit. How to Use: Enter car price in Malaysian Ringgit. Generate principal, interest and balance loan repayment table, by year. Generate principal, interest and balance loan repayment chart, over loan period. What good is a low payment if it takes you 84 months to pay off the loan? Is the selling price for the car a good deal? What about the trade-in amount the dealership is offering for your car? Ask for the "out-the-door" figures from your salesperson and review them before making a decision. Estimate monthly car loan repayment amount. When you obtain a monthly payment, be it from a price quote, negotiation or advertised special, make sure you are aware of all the numbers behind it. Furthermore, these figures will differ for those who lease, so take a look at our articles for information specific to that scenario. After you have entered your current information, use the graph options to see how different loan terms or down payments can impact your monthly payment. Keep in mind that everyone's situation will be different, so these recommendations are not set in stone. The loan term should ideally be less than 72 months, and you should aim for a down payment of at least 10% or consider GAP insurance. ![]() Your loan payment should be no more than 15% of your take-home pay. ![]() The general rule for each of these is as follows: The calculator doesn’t account for costs such as. Estimate your monthly auto loan payment & calculate your buying power on an auto loan for a new or used car, truck or SUV. Auto Loan Calculator Use this auto loan calculator when comparing available rates to estimate what your car loan will really cost, minus additional fees that lenders may enforce. It is also important to be aware of how much the loan will total, how much of a down payment you're making, and how long the loan will be. The auto loan calculator lets you estimate monthly payments, see how much total interest you’ll pay and the loan amortization schedule. And though this figure is the easiest to understand, it isn't the only number to be aware of. It can give you a reality check on whether you can afford the vehicle. The monthly payment is the best indicator of how the car loan will impact your budget.
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